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GE Energy Strikes Petroleum Infrastructure Deal

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GE Energy Financial Services has paid $85 million for a 58 percent stake in Lightfoot Capital Partners, a New York City–based direct investor in energy businesses, assets and securities. Lightfoot Capital is the majority owner of Arc Terminals, an operator of petroleum product infrastructure in eight U.S. states. Arc primarily uses long-term contracts with third-party customers and does not own or market product stored in its terminals.